Registered number
12145013
BELFRY WINDOWS LTD
Accounts
For the year ended 31 August 2023
BELFRY WINDOWS LTD
Registered number: 12145013
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 17,130 22,301
Current assets
Stocks 5,768 3,030
Debtors 4 83,406 113,112
Cash at bank and in hand 89,876 81,593
179,050 197,735
Creditors: amounts falling due within one year 5 (117,541) (117,330)
Net current assets 61,509 80,405
Total assets less current liabilities 78,639 102,706
Creditors: amounts falling due after more than one year 6 (7,250) (10,250)
Provisions for liabilities (3,221) (4,196)
Net assets 68,168 88,260
Capital and reserves
Called up share capital 100 100
Profit and loss account 68,068 88,160
Shareholders' funds 68,168 88,260
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Bicknell
Director
Approved by the board on 18 March 2024
BELFRY WINDOWS LTD
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Depreciation has been provided at the following annual rates in order to write off the assets over their estimated useful lives.
Plant, fixtures and office equipment 20% reducing balance basis
Motor vehicles 25% reducing balance basis
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and reward of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees and Directors 2023 2022
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Plant, fixtures and office equipment Motor vehicles Total
£ £ £
Cost
At 1 September 2022 12,703 25,292 37,995
At 31 August 2023 12,703 25,292 37,995
Depreciation
At 1 September 2022 4,629 11,065 15,694
Charge for the year 1,614 3,557 5,171
At 31 August 2023 6,243 14,622 20,865
Net book value
At 31 August 2023 6,460 10,670 17,130
At 31 August 2022 8,074 14,227 22,301
4 Debtors 2023 2022
£ £
Trade debtors 79,383 109,878
Other debtors 4,023 3,234
83,406 113,112
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loan 3,000 3,000
Trade creditors 72,858 61,696
Taxation and social security costs 10,041 24,938
Other creditors 31,642 27,696
117,541 117,330
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loan 7,250 10,250
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 3,600 8,400
8 Other information
BELFRY WINDOWS LTD is a private company limited by shares and incorporated in England and Wales. Its registered office is:
76 Belfry Drive
Wollaston
Stourbridge
West Midlands
DY8 3SE
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